Micron Technology (MU) Receives $21/Share Bid from China's Tsinghua Unigroup - WSJ
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Price: $1,132.33 -6.69%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.8%
Revenue Growth %: +285.0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.8%
Revenue Growth %: +285.0%
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Micron Technology (NASDAQ: MU) has received a $23 billion bid from China's Tsinghua Unigroup, according to the Wall Street Journal, which cited people familiar with the matter.
Tsinghua Unigroup offered $21 per share, or a 19.3% premium to Monday's closing price, the report said.
The news of the offer follows unusual activity in the stock on Friday.
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